💡DAO FAQs

1. What is MultichainZ DAO?

MultichainZ governance is an on-chain governance system designed to facilitate protocol improvements and upgrades over time. It allows for easy protocol evolution within the ever-changing blockchain ecosystem through time lock executors, both short and long time-lock executors.

2. Who has Voting Power in MultichainZ DAO?

Holders of the MultichainZ governance token and select vested tokens on the platform possess governance power proportional to their balances. These powers enable holders to propose improvements and vote on proposals. Users can also delegate their governance powers to others on the platform.

3. What is the Process for Governance Proposals?

The process for a Request for Improvement involves creating a proposal, sharing it with the community forum, gauging community sentiment through off-chain snapshots, preparing the proposal payload, and submitting the payload to the DAO for on-chain voting by governance token holders.

4. What are Governance On-chain Payloads?

Governance On-chain Payloads, or Improvement Proposals, are protocol improvement proposals submitted by community members with sufficient governance threshold. These proposals undergo community discussion and sentiment gauging before being submitted for on-chain voting.

5. How are Improvement Proposals Written?

After an improvement proposal is passed, it is assigned to a trusted reviewer who ensures its status is marked "in progress". The proposal must meet certain requirements, including links to governance forum discussions and snapshot polls. It is then submitted via gitlab after being polished to meet all protocol requirements.

6. What are the Types of Proposals in MultichainZ DAO?

There are two types of proposals: Short Execution Proposals and Long time Lock Proposals. Short execution proposals affect minor changes on the protocol, while long time lock proposals affect core protocol functionality.

7. How are Assets Listed on MultichainZ Platform?

Assets are listed through a short execution proposal, considering factors such as risk estimation, parameter considerations, community views, and price feed checks from trusted oracles like Chainlink.

8. What is the Procedure for Asset Listing on MultichainZ?

The procedure involves risk analysis, parameter considerations, gathering community sentiment, verifying price feeds, and preparing the proposal data before submission for final voting.

9. How Can I Participate in MultichainZ Governance?

To participate in MultichainZ governance, holders of governance tokens can propose improvements, vote on proposals, or delegate their governance powers to others. Additionally, active participation in community discussions and voting is encouraged for shaping the future of the protocol.